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Article: BRIEFING - ASIA AUTOMOTIVE - AUG 28, 2009.

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AsiaPulse News
Article date:
August 28, 2009
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An executive briefing on the automotive industry for Aug 28, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

HYUNDAI MOBIS INCREASES STAKE IN HYUNDAI MOTOR TO 20%

SEOUL - Hyundai Mobis Co. (KSE:012330), South Korea's largest auto-parts maker, said Friday it bought a 5.83 per cent stake in its parent Hyundai Motor Co. (KSE:005380), as part of efforts to become a holding company in the automobile conglomerate.

Hyundai Mobis purchased about 12.85 million shares of Hyundai Motor from Hyundai Steel Co. (KSE:004020), a steel-making unit of ...

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